2012-12-28
2012-12-28
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English 165

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it the obama cliff and said we should swan dive over the cliff because it would be one thing democrats could get through their head when they cut spending. >> i agree completely. this is crazy that we're even having that discussion, eric. august spending 256-171 the ryan budget was passed extending tax relief for all americans. 19 democrats voted for that. it was handed to mr. reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their

: well, i'm on the record saying we should name it the obama cliff and swan dive off of it. the only way the democrats will cut spending, because they're forceed in to it. if nothing happens, and the deal is not truck, people paycheck get smaller because the payroll taxes expire. people will have to pay in their taxes to a different way. the alternative minimum tax won't be patched and we'll have to be addressed as well. taxes will go up. spending cuts over time will happen as well. i think the stock market will be hit hard. i have the most to lose than anyone i know but the only way to fix the economy. >> eric: president obama wants tax cuts to expire for everyone except those making under $250,000 a year. john boehner plan "b" making $1 million. this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama

the vote. what we should do honestly guys, is swan dive ov the fiscal cliff. let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving retaliation of what is done . you have a lot of name calling. listen to what boehner said in response to senator reid. senator reid should talk less and legislate more. the house has passed legislation to avoid the entire fiscal cliff and senate democrats have not. now they are coming into the meeting and there is already acrimoney instead of reconciliation. >> part of the problem, i am sorry, the house passed two spending bills and ideas to meet the fiscal cliff and cent -- subject it to the senate. they have two over there . john boehner

in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what it could moon for your pay, we got you covered. just head to our home page for a breakdown of different scenarios in washington, what it could moan for your money. for more on the fiscal cliff and a heated debate, check out an all brand-new episode of square off. the round table discussion airs right here on abc2 at 11 on sunday morning. >>> continuing coverage in the planned port strike. dock workers have been working on an expired contract. today the u.s. marry time alines and the long shoring association have agreed to a 30 day extension allowing for more time to negotiate a new deal. a major sticking point will have to be cleared up by january 28. it involves royalty payments for members based on each container they unload. >>> an early morning shootout at a new jersey police headquarters left three officers with wounds. >> how the suspect managed to get on

've just gotten word that president obama is going to be coming out to comment at 5:45 on the fiscal cliff. we will have live coverage of that. also, storm watch. what's coming up how road crews are preparing for the winter weather. >> how you can join beyonce at the super bowl. >> marilyn monroe and the fbi secret files. >> and horrifying attack inside a police station. >> we are following breaking news coming from albany, new york. a jet bound for dallas from albany turned around after smoke was reported in one of the restrooms. an airport spokesman said united flight 3739 landed safely just after 3:30 this afternoon. there were no injuries. a frightening sequence of events today in a police station in southern new jersey. the man being processed for a domestic violence charge should taken inside injuring three police officers. >> the latest on the unfolding investigation. >> police in new jersey said paramedics race to police headquarters around 5:30 this morning, responding to reports of gunfire. authorities say it started when a man was brought into the station on domestic violence ch

>> flying in for the fiscal cliff deadline. barack obama scrambles to reach a deal on the national deficit. >> hello, you're watching "al jazeera" live from doha. here are the top stories now -- crisis in the central african republic. the president calls for international help to fight rebel forces. >> five years after bhutto's assassination. the son makes his debut. >> u.s. lawmakers give thems a last chance to stop the falling off the fiscal cliff. it's no deal has been actually reached. budget cuts and tax hikes will tax place on january the 1st. >> president barack obama returned to washington deeply meyered in another partisan stalemate. but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concession

it caught running from the scene. president obama meets with congressional leaders to avoid the fiscal cliff. a nation members the man who led allied forces in the 1991 gulf war -- a look back at the light of retired general norman schwarzkopf. >> it is friday, december 28. i am scott thuman. jacqui jeras -- we have a good day ahead of usaheadright? >> -- and head of us>right? >> we will come back in just a second. what are the roadway's like their? >> at cedar lane, it is a water main break -- traffic is heading toward southbound. squeezing by to the right. water main work continues. southbound at cedar lane. you can see everybody moving over to the right. northbound most of it is open. hopefully it will be cleaned up but right now it looks like it is still active there. take you to the beltway -- silver spring, that looks pretty good. no problems around the beltway right now. everything is starting off very smith. over toward river road -- we are also ok on the beltway. no problems to report early this morning. virginia -- springfield looking good with light traffic heading north down. hov

. >> lawmakers have just been a more days to figure out how to avoid the fiscal cliff. present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will considerably smaller. that would be the wrong thing to do. >> after meeting with the president and treasury secretary, congressional leaders headed back to the capital without a deal. nancy pelosi insists some progress was made. disgorge by reports the would not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and extend long-term unemployment

, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal

cliff. no to a cat food christmas. >> as president obama meets with congressional leaders at the white house, we speak outgoing democratic congress member dennis kucinich abouthe so- called fiscal cliff and a bill to continue the controversial domestic surveillance program. then, will the government -- of nerve north carolina pardon the wilmington 10? >> it is not a secret an injustice has been done. now, governor perdue has an opportunity to right the wrong. we cannot go back to 1980. this is 2012. >> the north carolina governor is being urged to pardon a group of civil rights activists were falsely convicted and imprisoned 40 years ago for the firebombing of a white owned grocery store. the conviction wic overturned in 1980, but the state has never pardon them. we will speak with one of the wilmington 10 who served eight years behind bars and it became head of the naacp. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three days befo

in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said sup

of $100 billion last year. as the u.s. economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been ad

. >>> president obama is trying to find a way out of the "fiscal cliff." mr. obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year, and we might finally start talking. >> i don't know time-wise how it can happen now. >> under senate rules, a bill could make its way through procedural hurdles in time only if every senator agrees not to slow down the progress. the house will not be back in session until sunday night. >>> a former bay area city councilman is about to learn firsthand how washington works or doesn't work. 31-year-old newly elected congressman that man there eric swalwell is the new kid on the block and heading off to capitol hill to take part in all the quagmire there. swalwell a former dublin city councilman says he is ready to bring small-town solutions to capitol hill to help prevent an avoidable "fiscal cliff." >> i'm confident that there can still be a buzzer beater here where we

that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers will feel it immediately in their paychecks. those paychecks will be reduced. those making 40,000, 50,000 are going to see 1700 less a year. it continues as the wages increase. so people are going to feel this in their pocketbooks. >> all right, danielle, thank you. >>> last night on the rachel maddow show, debbie stab nau talked about the looming fiscal cliff. >> i'm not sure what's next

week? >>> we'll provide live coverage of president obama's statement on the fiscal cliff negotiations at 5:45 p.m. >>> also, through the magic of digital recording, chris matthews will be back to talk about why the 2346789 ra refuses to back even the most common sense proposals to limit the avail 5ek9 of assault weapons. this is "hardball," the place for politics. when you have diabetes... your doctor will say get smart about your weight. for politics. glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. one more way quicken loans is engineered to amaze. ♪ progresso. in what world do potatoes, bacon and cheese add up to

the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress.

. and the countdown to the fiscal cliff, four days ago. president obama will meet with congressional leaders this afternoon at the white house. the goal is to end the stalemate and reach a deal. now the latest. >> president obama will meet with congressional leaders later today at the white house. it may be too late for deal. does the four days left before the deadline. >> i have to be honest, mr. president, iti don't know how it can happen now, why. >> the senate majority leader last out at john boehner, accusing him of running a dictatorship. >> he seemed to care more about keeping his speakership than keeping the nation on sound financial footing. >> republican leaders blamed the democrats and say there are limits to a compromise. >> republicans should not have to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that would not be fair to the american people. >> president obama flew home early from his vacation yesterday. speaker braoehner call the house back into town. but they understand their actions may not be enough

president obama is due to come out any minute in the white house and talk live regarding that fiscal cliff. in fact, i think we've got a look at the conference room where he is expected to show up. we were given a few minutes ago the two-minute warning, but these things are notoriously inexact, but at any minute the president will step forward. here he comes. president obama on the fiscal cliff. >> good afternoon, everybody. for the past couple of months, i've been working with leaders of both parties to try and frnlg an agreement that will grow our economy and shrink the deficit. a balanced plan that would cut spending in a responsible way but also ask the wealthiest americans to pay a little more. and above all, protect our middle class and everybody who is striving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses and for our entire economy. but the hour for immediate action is here. it is now. we're now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american

in the fiscal cliff talks. president obama is holding a summit at the white house today with congressional leaders and members of the house have to be back to work by 6:30 sunday night leaving them with just over 4 hours to come to a conclusion. steep cuts and tax hikes impacting from everything from your paycheck to the defense budget could take effect. >>> norman schwarzkopf has died. the retired general died from complications of pneumonia. he was best nope for leading international forces in iraq in 19916789 he was 78. >>> former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says bush is getting excellent medical care but expects nobody the hospital for a while. he is battling bronchitis and other complications from it. the 88-year-old was admitted to the hospital more than a month ago. >>> three people were killed when a tractor-trailer that was stopped in traffic was rear ended by a pickup. all of the victims were in the pickup. this happened about 7:00 last night and traffic was still moving slowly in the area late last ni

. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. danielle leigh, wbal-tv 11

continues on capitol hill this morning there is new hope for a deal to avoid that pass cal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate keim back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're not back until sunday. we need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. a deal before the new year, although they seem it's possible, many think a deal will

. >>> this is a crucial day in the effort to keep the country from going off the fiscal cliff. president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal c

to keep the country from going over the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be given at least 60 days' notice before any furloughs of more than 22 days. they'll receive 30

today to reach a deal to keep the country from plunging off the fiscal cliff. president obama hosting that meeting this afternoon at the white house. it will be the first time that he's met with congressional leaders since november 16th. they have just four days now to come to an agreement. democrats and republicans say that means a possible deal will likely extend tax cuts to middle class americans and postpone spending cuts scheduled to take effect. that means the contentious issue will likely be debated sometime in the future. >>> house lawmakers are preparing for an 11th hour deal. they're returning to washington for a rare sunday evening session. it's not clear what the house will do. house speaker john boehner still insists it's up to the senate to make the next move. >>> iran's state television is reporting the country's navy started training drills in the strait of hormuz. iran is reportedly warned other ships to stay away from the site until after the new year. the state tv report says it includes warships, submarines and jet fighters. other countries are worried these tests

stronger hand, assuming we go over the cliff, assuming obama stays very hard line and offers only humiliating conditions, the republicans resistor do nothing, then we go over the cliff, then i think you are right. the republicans have a pretty strong hand because obama then has to worry about the debt ceiling. now with he says that's a game i won't play. he has to play. he's the president. he's responsible for the full faith and credit of the united states. and he's got republicans in charge of the house. that's the will of the people. that's the result of an election. and they have a man date -- mandate as much as he does. he may not like it, but he has to. that's are the republicans i think has the stronger hand. if you don't cave now and you hang on, the republicans will be in a position in the next month or two, i think we will really hit the wall on the debt ceiling probably the end of february, beginning of march, and that's when i think they will have the upper hand or at least an equal hand. >> as long as they don't give that away in these negotiations. charles, good to se

. president obama and congress got back to work yesterday trying to find a deal to avid the cliff. there were signs of hope and signs of discouragement as both sides agreed to talk but again, both sides blaming each other for the stalemate. the president will host a summit at the white house today. tara mergener is on capitol hill with more. >> reporter: the fiscal cliff is still a few days away. but business owner don says he's already feeling the impact. >> a lot of our customers are holding back. they're apprehensive. they are not committing to projects. they're not -- you know they're waiting to see that's going to happen with the fiscal cliff. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are.

cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i

, wbal-tv 11 news. >> a few minutes ago, president obama gave a frank and very frustrated statement about the status of the fiscal cliff. he also gave an ultimatum to leaders of the senate. more on that next. >> the fines keep coming to the ravens. why this matter should have happened. >> breaking down this upcoming little storm over the weekend. let's take a look outside. dry in baltimore right now. 42 >> late breaking details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he call

at a las vegas casino. >>> if president obama and congress are not able to avoid the fiscal cliff, people here in colorado will be especial lip hard hit-- people here in california will be especially hard hit. higher sales taxes and income taxes on the top earners. the fiscal cliff would hit all of that. >> i don't know if there is a word to describe how mad the public is going to be. nobody is going to be happy to see that happen. >> if taxes go up on everybody; it will not be a happy time. i think that is what will happen. >> meanwhile the tax policy center says they will see their take home pay shrink just over 3.6%. >>> at a time when people were mourning the horrible sandy hook shooting one new york woman took advantage of that sympathetic spirit by allegedly setting up a charity scam in connection to that tragedy. 37-year-old noel alba set up an internet scam claiming to be the aunt of six-year-old noah pozner. no a's uncle says he is disgusted someone would do this. >> my nieces and i think of these scammers they are stealing from them. they are survivors of this tragedy. >> the f

right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the coun

cliff deadline looming, president obama and top lawmakers hold last-minute talks at the white house. and the house will meet in a rare sunday session. >>> the nation is remembering retired general norman schwarzkopf who died yesterday in tampa. he led the coalition that forced iraqi forces out of kuwait in 1991. >>> more snow on the way for the midwest and the northeast this weekend. it comes on the heels of a massive system. >>> looking at today's weather. thunderstorms from the carolinas to new orleans. that snow begins in minneapolis and milwaukee. rain and mountain snow in the pacific northwest. >>> and finally, when a california man launched a message in a bottle, he had no idea it would soon have some far-reaching results. >> our station kgo reports on what happened next. >> here is a coat to keep you warmer. >> reporter: dan jones is spending the day after christmas continuing to give. a brand-new coat and a warm lunch to a homeless man. we will call him jed. >> i really appreciate this. i really do. it's a god send. >> reporter: it came from one little idea dan had on decemb

in washington this afternoon as a nation as close to the cliff. >> president obama top congressional leaders will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the co

tumbling over the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250

the fiscal cliff and president obama called for a critical meeting with congressional leaders. >> brian, that meeting gets underway in less than five hours at the white house. senate leaders harry reid and mitch mcdonnell and john boehner and nancy will sit down with president obama. it's the first time all five are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here

is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as far as the republicans concerned, there is that we will not give you a blank check. >> mitch mcconnell, the republican leader in the senate, said that he thought there was still time to avert what he called a budgetary fiscal crisis on tuesday the 31st. all of these attacks increases and spending cuts kick in. he is not very optimistic that the deal can be done. everybody is blaming each other. people in the senate have convened today, the house of rep is evidence, particularly the house of representatives. and as a lot of talking lot of brinkmanship, a lot of blame being traded and quite a lot of talking. no sign of a breakthrough. >> mr. obam

to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. if they have only four days to reach an agreement. the u.s. economy will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many republicans remain against any tax increases. >> former president george h. w. bush is still in

to avert the fiscal cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot of cut to the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and harry reid and nancy pelosi. i hope it actually is the beginning of a deal because if we don't get it done now, we need to go and make sure that things get done so we don't raise taxes and taxes aren't raised for all these americans that are looking at it come

are looked at as why both sides -- for many it means blaming president obama, and investigating for -- for democrats, the cliff is better than setting a rich man's cutoff in the million dollar range or -- and slashing medicare and social security to appease republicans. this is really -- i know we cause it the cliff, i look at it. it's a clean slate for both sides in 2013, and to dig in in a modern approach. >> well, if that's a republican strategy to blame the president, good luck with that. polls aren't bearing that out. they're getting most of the blame right now. as far as a clean slate, the question is how do markets react after january 1st? i think that's what a lot of members and what the leadership looks at. to joy's point, i think what republicans have demonstrated is they are experts at saying no, and they are experts to saying no to things they have supported in the past. we're talking about a combined $2 trillion in cuts, protecting tax cuts for small businesses, reforming the debt limit so it doesn't continue to provide uncertainty to businesses. these are all thing

in sight to avoid the fiscal cliff. we'll tell you how president obama is pushing forward as the clock ticks. >> first this morning's tech bites. >>> in today's tech bites, amazon.com getting a present from shoppers, good review, survey puts amazon at the top of the list where it has been the past eight years. big jim in americans reading e-books, re-- research finds 16 and older red -- print reading drops from 72% down to 67%. salary of time cook dropped by 99%, his 2012 compensation 4.2 million dollars, far cry from the 378 million last year. steve jobs' famously collected a dollar a year. >> for the first time in its history voting for oscars online some voters are complaining the system is confusing and worried it could be vulnerable to it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powe

. congressional leaders will talk with president obama trying to avert the "fiscal cliff." ed payne tells us they only have four days. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want

at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday session. members of congress understand the 11th hour acts may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is r

faulkner. with just days to go until the fiscal cliff deadline president obama and top congressional leaders are set for a crucial meeting. expectations are low for a deal when house and senate leaders head to the white house this afternoon to meet there with president obama. lawmakers are increasingly looking at the period following the december 31st deadline we're told to come up with a fix to avoid massive tax hikes and spending cuts, affect lives of nearly every american many economists say could plunge the economy into another recession. chief white house correspondent ed henry live with the latest. so in this meeting, ed, is there any hope they will accomplish anything? >> reporter: well it is pretty low expectations, jon. what we're expecting when you talk to top officials of both parties the president will offer a scaled back plan, something he laid out lines friday before christmas here in the white house briefing room before he went to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for

no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led international coalition and forced saddam hussein's forces out of kuwait. >>> some of the same states are bracing for yet another round of snow. >>> more than 14,000 longshoreman plans to walk out on sunday. >> if the strike happens, we're going to be in trouble. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> so many crazy people are running the streets. >> an uninvited guest came to a picnic in florida. >> all that -- >> somebody else got the shower on the sidelines. >> jamal crawford who i think should be an all-star this year. coming off the bench. we're dangerous. >>> and all that matters. >> hillary clinton plans to head back to work just in time for th

. >>> and a program note. david gregory will have an exclusive interview with president obama on the fiscal cliff crisis this sunday on "meet the press." >>> and now to the weather. and more snow is on the way as we head into the new year's weekend, and that may not be the end of it. the weather channel's chris warren joins me now. chris, good evening. >> good evening to you, too, natalie. we are watching a storm right now developing that will bring some snow to the northeast. the satellite does show that storm right now taking shape in the southeast, and it is going to move into the northeast. it's tapping into some gulf of mexico moisture. we're going to watch the timing right now. tomorrow morning, snow will be flying in the ohio valley throughout much of pennsylvania. during the day, moving into philadelphia, new york city and then into connecticut and boston by the evening. some of this blue in here, as the storm intensifies, that blue indicates some of the heavier snow. when it's all said and done, we're going to see several inches of snow in some spots. but it's going to be a fast-mover. b

." there's the article. he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig melvin in for tamron hall. "the cycle" up next and go skins. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece.

cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out it appears a deal would likely include a extension of tax cuts for the middle class and a cancellation of scheduled spending cuts. an aide to senate majority leader mitch mcconnell said the republican senator is eager to hear from the president. >>> new year's is still a few days away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers. but here on capitol hill, they're having a rally today and you can see behind me some folks with starting to gather and this will take place as 11:30. both sides coming together to call for some kind of agreement to have before these possible tax hikes take place. that being said, i want to bring in mr. bob packer. you're a small business

:30, president obama says there needs to be immediate agents to avoid the fiscal cliff. the president held a news conference just before 6:00 this evening. he says he's optimistic an agreement can still be reached. this afternoon mr. obama said the meeting was good and constructive. >> the one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i've asked senator reid to do this, put a bill on the floor that makes sure taxes on middle-class families don't go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday morning. david gregory will interview president obam

. fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the

scrambles to avert the fiscal cliff. >> president obama asked congressional leaders to convene at the white house today. >> if the president and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to

leaders left the white house after a last-ditch fiscal cliff meeting with president obama. the closed-door meeting was an attempt to avoid the automatic tax hikes and spending cuts set to king at the start of the new year. >> we had a constructive meeting today. senator reid and senator mcconnell are discussing a potential agreement where we could get a bipartisan bill out. >> reporter: at the present time reminded lawmakers thers

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